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AIM WINNERS & LOSERS: Tiger Alpha exits investment; Next 15 falls

ALN

The following stocks are the leading risers and fallers on AIM on Wednesday.

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AIM - WINNERS

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Tertiary Minerals PLC, up 31% at 0.12 pence, 12-month range 0.14p-0.03p. The mineral development firm reports highest grade silver-copper intersection to date at target A1, at the Mushima North project in Zambia. It reports intersections including 97 metres at 85 grams per tonne silver equivalent. Target A1 is a silver-copper-zinc prospect located east of the historic Kalengwa copper-silver mine. ‘We are delighted to report these results from the four holes of our Phase 3 drilling programme conducted at the start of the rainy season late last year. These results include our best intersection of silver-copper mineralisation to date on this project, says Managing Director Richard Belcher.

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AIM - LOSERS

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Tiger Alpha PLC, down 11% at 0.43p, 12-month range 5.50p-0.40p. The investor in ’utility‘ meme coins and natural resources exits the KDN-1 subnet investment after deregistration by the operators of the Bittensor network. ’Deregistration is the process whereby if a subnet is removed, all alpha tokens are converted back to TAO, the native cryptocurrency of the Bittensor network, and given to the owners of the subnet,‘ Tiger Alpha says. The firm receives around 900 TAO, valued at around $161,875 based upon Bittensor taostats. The commitment of 200 TAO back in June for the investment was purchased for $86,000. ’The company’s original intention had been to participate in the Bittensor ecosystem over the long term; however as strategic priorities evolved, KDN-1 completed its lifecycle in accordance with the mechanisms that govern subnet deregistration within the Bittensor network,‘ it says. ’Whilst the intention had been that KDN-1 would be part of Tiger Alpha’s long-term strategy within the Bittensor ecosystem, the board nevertheless views this outcome which is effectively an early investment realisation as validation of its approach to identifying, deploying capital into, and actively managing emerging decentralised network opportunities, with a focus on capital efficiency, active stewardship,‘ says Chief Executive Officer Jonathan Bixby.

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Next 15 Group PLC, down 11% at 291.50p, 12-month range 439.50p-203.90p. The London-based business growth consultancy falls after Berenberg cuts its price target on the stock to 510p from 580p. It maintains a ’buy’ rating.

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